Welcome to 2924 West Riverside Drive, Burbank, CA! This property offers a remarkable opportunity for those seeking a prime investment in the heart of Burbank. In the sought-after Rancho District, this property boasts a total of 6 units (each its own bungalow with month-to-month tenants). This 3449 square foot gem… Read More is a rare find in today's market; each unit features one bedroom and one bathroom private casita, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot of almost 12k sq ft lot, offering ample outdoor space. Two 2-car garages add further value to the property, presenting the potential for additional dwelling units (ADUs) or providing secure parking for tenants. Conveniently located in Burbank, residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including walking distance to Disney and WB Studios, Rancho Equestrian Facilities, and the Toluca Village. The bustling city of Burbank provides a vibrant backdrop for this property, with its thriving community and proximity to major attractions. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate in Burbank. With its desirable location, spacious lot, and potential for expansion, 2924 West Riverside Drive is an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer! Read Less
Property listed by Compass, Craig Strong
Listing Snapshot
Days Online
569
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,449
Lot Size
0.27 Acres
Year Built
1939
MLS Number
24347833
30 Days Snapshot Of 91505
$969k
-22%
(avg) sold price
18
+28%
homes sold
69
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 3,449, Levels: One, Living area: 3449, 1 story, 3 buildings, Construction materials: Stucco
Floors
Laminate, Tile, Wood
Garage
4 spaces
Income
Gross income: $160,800, Net operating income: $110,315
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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